Media stories about Geo Group Inc (The) (NYSE:GEO) have been trending very positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Geo Group Inc (The) earned a coverage optimism score of 0.51 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 66 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Geo Group Inc (The) (GEO) Now Covered by Analysts at J P Morgan Chase & Co (americanbankingnews.com)
- JP Morgan Begins Coverage on Geo Group Inc (The) REIT (GEO) Setting A Rating Of “Overweight” – Highlight Press (highlightpress.com)
- Budget constraints will reduce inmates at drug treatment, job training facility – The Decatur Daily (decaturdaily.com)
- Is The Needle Ready to Move For Geo Group Inc (GEO) Shares … – Evergreen Caller (evergreencaller.com)
- Budget constraints will reduce inmates at drug treatment, job training facility – Times Daily (timesdaily.com)
Geo Group Inc (GEO) opened at 30.63 on Monday. The firm has a market cap of $3.74 billion, a P/E ratio of 21.99 and a beta of 1.55. The stock’s 50 day moving average is $30.88 and its 200 day moving average is $29.41. Geo Group Inc has a one year low of $10.84 and a one year high of $34.32.
Geo Group Inc (The) (NYSE:GEO) last announced its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $550.61 million for the quarter, compared to analysts’ expectations of $550.79 million. Geo Group Inc (The) had a return on equity of 15.32% and a net margin of 7.06%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, equities research analysts expect that Geo Group Inc will post $1.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 21st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Wednesday, July 19th. Geo Group Inc (The)’s payout ratio is presently 135.25%.
A number of research analysts have weighed in on GEO shares. Canaccord Genuity reaffirmed a “buy” rating and set a $33.33 price target on shares of Geo Group Inc (The) in a research report on Monday, March 27th. Zacks Investment Research cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, J P Morgan Chase & Co started coverage on shares of Geo Group Inc (The) in a research report on Friday. They set an “overweight” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.33.
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In related news, Director Richard H. Glanton sold 3,187 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $29.87, for a total value of $95,195.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.96, for a total value of $742,984.32. Following the completion of the transaction, the vice president now owns 36,170 shares in the company, valued at approximately $1,192,163.20. The disclosure for this sale can be found here. Insiders have sold 26,666 shares of company stock worth $866,730 in the last 90 days. Company insiders own 2.40% of the company’s stock.
About Geo Group Inc (The)
The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
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